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ASX Market Update 2023-07-31

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SP/ASX 200 slightly rose 0.09% (+6.4 pts), closed at 7410 points, rose 2.9% (+207 pts) for the month.

Among the 150 largest-cap stocks, 87 (58%) closed higher. 52% of all ASX stocks ended higher.

In terms of sectors, 8 sectors closed up, the market internal was more positive, 2 sectors closed down, 2 sectors remained unchanged, ranging from -0.6% to 1.2%. 4 sectors outperformed the market. The market was up 0.2%; Utilities was up 1.2%, the best performer, reflecting a decreasing risk appetite; Consumer Defensive was down -0.6%, the worst performer.

● MERIDIAN ENERGY (MEZ) largely rebounded 4.4% (+$0.22), closed at $5.21, rose 1.4% (+$0.07) for the month, crossed above MA20 and MA50 ($5.11, $5.04). The best performer today with the largest increase in volume.
360miq.com/stockinfo?code=MEZ.AX

● IGO (IGO) tumbled -4.6% (-$0.67), closed at $13.8, the worst % loss in more than 4 months, also a 40-day low, fell -9.2% (-$1.4) for the month, crossed below MA200 ($14.34). The worst performer today with a slight increase in volume.
360miq.com/stockinfo?code=IGO.AX

360miq.com/market?data=ASX#tab-3

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